Guideline Value

Corporate

Guideline Value for St. Joseph Nagar

₹1102/sq.ft.

The guideline value for St. Joseph Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1102 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1102 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹58 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹567 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on St. Joseph Nagar

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St. Joseph Nagar guideline value

The current guideline value of St. Joseph Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,102 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of St. Joseph Nagar has changed

Over the years, the guideline value of St. Joseph Nagar has undergone several revisions. The 2002 revision recorded a guideline value of Rs 567 per sq.ft. This figure saw a significant decrease to Rs 58 per sq.ft in 2003. Following this, the value increased to Rs 200 per sq.ft in 2007, then rose sharply to Rs 700 per sq.ft in 2012. However, it declined to Rs 469 per sq.ft in 2017. The value then saw a notable increase to Rs 1,000 per sq.ft in 2023, culminating in the current value of Rs 1,102 per sq.ft in 2024.

The changes between these revisions are as follows: from 2002 to 2003, there was a decrease of 90%. From 2003 to 2007, the value increased by 245%. The 2007 to 2012 period saw an increase of 250%, followed by a decrease of 33% from 2012 to 2017. The 2017 to 2023 period marked a significant increase of 113%, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 94%.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, which is equal to the current guideline value of St. Joseph Nagar.

Stamp duty and registration fee for property in St. Joseph Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, while the registration fee at 2% would be Rs 22,040. Together, the total cost would be Rs 99,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers St. Joseph Nagar?

The Sub Registrar Office that covers St. Joseph Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Puzhal

The guideline value is a crucial factor when registering a property in Puzhal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of ownership. This ensures that the transaction is officially recognized and recorded in the government registry.

Frequently asked questions

What is the current guideline value of St. Joseph Nagar?

The current guideline value of St. Joseph Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 567 per sq.ft in 2002 to Rs 1,102 per sq.ft in 2024, with various revisions occurring in between.

What are the stamp duty and registration fees for property in St. Joseph Nagar?

For a 1,000 sq.ft plot, the total guideline value would be Rs 11,02,000, with stamp duty at Rs 77,140 and registration fee at Rs 22,040, totaling Rs 99,180.

Which Sub Registrar Office covers St. Joseph Nagar?

The Redhills Sub Registrar Office covers St. Joseph Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating stamp duty and registration fees during property transactions.